Financial Management - PSFT (MOSC)

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Question on Bill Plan- Contracts

Hello,

We are on PeopleSoft 9.2. In Assign Billing Plan page, contract lines are assigned to "As Incurred" bill plan. How is that different from Prepaids assigned to "Immediate" bill plan. As for prepaids, linked to Immediate bill plan, once the contract status is set to Active, the contract billing interface generates invoices in Billing. How are contract lines marked with "As Incurred" bill plan processed. Thanks !

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